CostFlex Systems, Inc. President Michael Ryan, MBA, will present an upcoming HFMA Region 9 webinar focused on improving the accuracy of patient cost accounting. The session, “Achieve Accurate Costing: Identifying and Correcting Costing Errors in Outpatient Services,” will take place Tuesday, September 8, 2026, from 11:30 a.m. to 12:30 p.m. CT.
The webinar will explore how hidden costing errors can affect profitability analysis, service line performance, and strategic decision-making. Using real-world outpatient and inpatient case studies, the session will examine how supplemental operational information, time-based activity data, and indirect department costs can provide a more complete view of the resources required to deliver care.
Why Costing Accuracy Matters
Healthcare organizations depend on reliable cost information to evaluate margins, understand service performance, and make informed operational decisions. When an organization relies only on broad allocations or incomplete activity data, the resulting patient costs may not reflect the way services are actually delivered. These inaccuracies can be especially difficult to identify in outpatient environments, where workflows and resource utilization may vary significantly by procedure or setting.
Michael will discuss how activity-based costing can strengthen patient-level cost calculations by incorporating the operational drivers behind each service. The session is designed to help healthcare finance professionals look beyond surface-level results, identify potential distortions, and improve the data used for analysis and planning.
Learning Objectives
At the conclusion of the webinar, participants should be able to:
- Explain the key concepts and uses of healthcare cost accounting.
- Describe how activity-based costing improves the accuracy of patient cost calculations.
- Identify hidden costing errors in outpatient and inpatient services and evaluate their financial impact.
- Apply supplemental operational and time-based data to improve cost allocation and profitability analysis.
Registration and event details: https://web.cvent.com/event/77da4b26-1472-46c4-b7d4-ee02fbe1f087/summary